What to Expect From Block's Q4 Earnings Report

Fintech firm Block Inc (NYSE:XYZ) is set to report its fourth-quarter earnings results after the close tomorrow, Feb. 20. Per TipRanks' data, analysts expect the fintech company to post earnings of $0.88 per share on revenue of $6.29 billion, reflecting year-over-year increases of 95.6% and 9%, respectively.

Ahead of the report, Block stock is down 0.7% at $83.58. The security has pulled back over the past three months, slipping 6.9%, and is now down 1.8% year-to-date. However, support from XYZ's 100-day moving average has helped contain losses in recent sessions.

Block has demonstrated a solid track record in earnings performance, matching or surpassing estimates in six of the last eight quarters. Additionally, XYZ has moved higher in five of its last eight post-earnings sessions.

Options traders are pricing in a significant post-earnings move, with TipRanks’ Options tool indicating an expected 13.9% swing in either direction, based on the at-the-money (ATM) straddle of options expiring nearest to the earnings date.

Despite recent stock weakness, analysts remain overwhelmingly bullish on Block. Of the 37 analysts covering the stock, 30 rate it a “buy” or better.